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FERC Approves Calcasieu Pass 2 LNG Project, Boosting Venture Global Amid DOE’s License Freeze on Gas Exports.

The Federal Energy Regulatory Commission (FERC) has voted to issue a permit for the Calcasieu Pass 2 LNG project in the Louisiana Gulf Coast, which would export around 20 million metric tons of the fuel a year. This decision is a significant victory for developer Venture Global, who had criticized the regulatory process for being slow. The Department of Energy has maintained a temporary freeze on issuing new licenses to ship the gas. Despite this, FERC has made clear that it will continue to consider project proposals to build export terminals for liquefied natural gas.

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